Floodgate Gathers $73.5M Fund

8/2/10

Floodgate, the Menlo Park, CA-based micro-VC firm run by “super angel” Mike Maples, has raised $73.5 million for its third investment fund, according to a regulatory filing published today. The fund has 11 investors, according to the filing, and is more than twice the size of Maple’s $35 million second fund, raised in 2008. Floodgate, formerly known as Maples Investments, is an investor in numerous Web-based businesses inside and outside Silicon Valley, including Digg, Chegg, Gowalla, IMVU, Kongregate, Revision3, Smule, TaskRabbbit, and Vook.

Wade Roush is Chief Correspondent and Editor At Large at Xconomy. You can subscribe to his Google Group or e-mail him at wroush@xconomy.com. Follow @

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